Bitcoin - Environmental Impact, and Introduction To Pool... #bitcoin

Bitcoin - Environmental Impact, and Introduction To Pool Mining This video is Jörn Loviscach’s talk on Bitcoin mining given at a workshop in September during the Gesellschaft für Informatik 2012 conference. He describes the environmental impact of Bitcoin. His numbers do show how CPU mining is roughly an order of magnitude less efficient than GPU mining. He confirms how GPU mining too is rougly an order of magnitude less efficient than the technology for FPGA mining. Presumably because there is no ASIC hardware shipping yet his analysis didn’t consider ASIC mining but ASIC hardware too is likely somewhere in the range of being an order of magnitude more efficient than its FPGA predecessor. The challenge that Mr. Loviscach didn’t quantify was the ratio of current mining that is performed by each type of technology. Without being able to estimate that ratio, any estimates ab...